NO.
Two Totally different concepts.
Latency, even above cost, was the killer for Sat Internet.
This is a whole different ball-game, They already have the equipment and capability in millions of homes, ready to turn on.
This is more like Cable-Interent being viable since people already had it running to their homes, or DSL over telephone lines.
The Cost of the Set-Top DVRs are so low, it is an affordable option for anyone, Couple that with the extreme low cost of Hard-Disk based storage, and the time is NOW for this.
Doesn't DirectTV provide pay per view hi-def movies via satellite to HD set top boxes? I don't have DirectTV, so I don't know if it's on demand yet or not. Should be.... This would be a good moneymaker and convenient for home satellite users.